California State Teachers Retirement System Has $334,000 Stock Holdings in Arko Corp. (NASDAQ:ARKO)

California State Teachers Retirement System lessened its stake in Arko Corp. (NASDAQ:ARKO) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,699 shares of the company’s stock after selling 10,708 shares during the quarter. California State Teachers Retirement System’s holdings in Arko were worth $334,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Arko in the fourth quarter worth approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Arko by 67.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,661 shares of the company’s stock worth $1,586,000 after buying an additional 97,069 shares during the period. Squarepoint Ops LLC acquired a new position in Arko during the 4th quarter valued at $100,000. State of Wyoming raised its stake in Arko by 41.4% during the 4th quarter. State of Wyoming now owns 110,890 shares of the company’s stock valued at $731,000 after purchasing an additional 32,492 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in Arko by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,671 shares of the company’s stock valued at $149,000 after purchasing an additional 7,459 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Arko from a “sell” rating to a “hold” rating in a research note on Saturday, June 7th. Capital One Financial assumed coverage on shares of Arko in a research report on Thursday, May 8th. They set an “overweight” rating and a $8.00 target price for the company. Raymond James dropped their target price on shares of Arko from $11.00 to $10.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Stifel Nicolaus cut shares of Arko from a “buy” rating to a “hold” rating and dropped their target price for the stock from $8.50 to $7.50 in a research report on Thursday, February 27th. Finally, BMO Capital Markets increased their price objective on shares of Arko from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.35.

Arko Stock Down 3.2%

Shares of NASDAQ:ARKO opened at $4.48 on Friday. The firm has a market cap of $513.77 million, a P/E ratio of 28.00 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The company’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $5.50.

Arko (NASDAQ:ARKO) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. Arko had a net margin of 0.27% and a return on equity of 8.88%. As a group, research analysts forecast that Arko Corp. will post 0.2 EPS for the current fiscal year.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.68%. Arko’s dividend payout ratio is 400.00%.

About Arko

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.